Public hearings into Walmart-Massmart deal kick off at Parliament
Lusanda Bill
19 July 2011
Hearings into the 51-percent of achievement South African retail group, Massmart, by American counterpart, Walmart, have begun.
Parliament’s Economic Development Committee called for the public hearings despite the deal being approved by the Competition Tribunal earlier this year.
The achievement has been met with mixed reactions.
Some unions are saying Walmart has a history of breaking labour laws around the world and business experts say it will help the South African economy.
19 July 2011
Hearings into the 51-percent of achievement South African retail group, Massmart, by American counterpart, Walmart, have begun.
Parliament’s Economic Development Committee called for the public hearings despite the deal being approved by the Competition Tribunal earlier this year.
The achievement has been met with mixed reactions.
Some unions are saying Walmart has a history of breaking labour laws around the world and business experts say it will help the South African economy.
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